pls ans the ques......................... i was absent. i alwys complete my homework
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siddhartharao77:
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For simple interest = P*R*T/100
=5000*9*2/100 =900
For compound interest = P(1+R /100)^T =5000 (1+ 9/100 )^2=5940.5
Difference between compound interest and simple interest =5940.5 - 900 = 5040.5
=5000*9*2/100 =900
For compound interest = P(1+R /100)^T =5000 (1+ 9/100 )^2=5940.5
Difference between compound interest and simple interest =5940.5 - 900 = 5040.5
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